In LA, You Can Spend $800,000 on This Tear-Down

This house offers prime location, tons of junk, scorch marks on the walls and holes in the ceiling. Still, this Hollywood Hills tear-down just sold to a developer for close to $800,000.

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This ramshackle house in the Hollywood Hills just sold to a developer for nearly $800,000.
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This ramshackle house in the Hollywood Hills just sold to a developer for nearly $800,000. Right now, only one in four households can come up with enough money to buy a $615,000 median-priced home in Los Angeles County.
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